Defining a "Solution"

"Solutions" is one of those slippery words that can mean anything and everything. In the context of B2B companies, however, the term has taken on a specific meaning.  A council of leading solutions marketing professionals, sponsored by ITSMA, developed the following definition:

"A solution is a combination of products, services, and intellectual property focused on a specific business problem that drives measurable business value."

While we like and agree with this definition, we believe that it's missing s few important elements, so here is our definition:

"A combination of products, services, and intellectual property focused on a specific business problem or opportunity that drives measurable business value and can be significantly standardized. The solutions components can be from either the vendor and one or more partners, and the solutions implementer can be the vendor, the partner, the customer itself, or a combination of the three."

It's a bit longer, and doesn't exactly roll off the tongue, but we nevertheless have found that it clicks with both buyers and sellers given its emphasis on solving specific business problems with measurable business value.  Also, the value is determined by the amount of the solution that is delivered by each of the parties involved in creating the solution. Understood as such, the word "solution" can get beyond the hype and provide important direction to business strategy and operations.

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Resources

Case Studies | Reports

  • Building an engine for growth: Seven steps to transforming marketing for business results (PDF) - This report provides pragmatic and cost neutral ideas for those people running B2B service companies who want to use marketing more effectively to grow their business. We hope you find it useful in helping you to decide why your own organization needs from marketing, and to get the right people, processes and systems in place. We hope it is also useful for marketing directors working in these businesses, as they decide how best to build and run their function.
  • Key Account Management- Marketing’s Impact (PDF) - In a recent Key Account Management (KAM) study that we conducted in conjunction with the Hult International Business School, we learned that many of the top KAM programs had highly focused, dedicated marketing resources for their top accounts.  Bev Burgess, co-author of Marketing Technology as a Service and an executive with Capsicum Group, discusses the impact that marketing can and should have in growing key accounts.  Read more to understand how marketing can help the key accounts in order to prioritize and gain more business from the existing contracts and also on how marketing can help more complex solutions selling to the key accounts.

  • Solutions Marketing Success Story: How Avnet Applied Change Management Principles to Make the Transition from a Products-Based Company to a Solutions Company (PDF). Steve Hurley and Shyam Velumani interviewed Steve Church from Avnet who was a part for the major transformation of the organization. Solutions Insights sees this as another example of how a company successfully changed the culture and behavior of the employees so that it could become a true solutions provider.
  • Creating Competitive Advantage with High Value B2B Solutions (PDF) - Webinar delivered by Solutions Insights in conjunction with ISBM. The presentation addresses a number of issues related to solutions marketing including:
    • Gain alignment on the Definition
    • Determine the Scope of the Transformation
    • Create a Customized Roadmap
    • Develop the Underlying Competencies
    • Adapt how you Create, Market and Sell your Solution
  • Beating Commoditization with Building High-Value Solutions (PDF) - Solutions Insights and ISA webinar. The presentation addresses a number of issues related to solutions marketing including:
    • What is a Solution and Why it May be Important for Your Business?
    • The Differences Between Developing Products and Developing Solution.
    • The Critical Role of Marketing in Solutions Development.
    • Having the Right Solutions Development Skill.
  • GovServices IT: Teaching Case Study (PDF) - A real case study with the company disguised on the challenges facing a government-focused IT services firm that wants to develop a solutions strategy; written for use in the classroom (Solutions Insights, 2009)

Tools 

  • Point of View Development Template (PDF)
    Worksheet to help companies develop a thought leadership Point of View on a significant business challenge facing their customers (Solutions Insights, 2010) 

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